Ascent Solar Technologies Inc (ASTI): Ascent will transfer its intellectual pr...

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Ascent Solar Technologies Inc (ASTI)

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Re: rjbluesky post# 33341

Friday, 08/04/2017 12:24:29 PM

Friday, August 04, 2017 12:24:29 PM

Ascent will transfer its intellectual property related to the EnerPlex™ brand, which includes trademarks, website domains, non-solar components of product designs and patents ("non-solar IP") to SPCL for a consideration of about $1.33M. Following the transfer, Ascent will no longer produce or sell Enerplex-branded consumer products. Ascent will focus on its photovoltaic business and will supply solar PV products to SPCL, supporting the continuous growth of EnerPlex™ with Ascent's proprietary and award-winning thin-film solar technologies and products.

The items marked in bold & italic tells me in VERY plain English that they "no longer produce or sell EnerPlex and only agree to supply the PV products to SPCL.

I don't know how to say it any plainer than that. They. Do. Not. Sell. EnerPlex. Any. More.

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